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Negative macroeconomic statistics from Japan

Negative macroeconomic statistics from Japan | 23 August 2019

23 August 2019, USD/JPY

Negative macroeconomic statistics from Japan

USDJPY trading plan:

Negative macroeconomic statistics from Japan will have a positive impact on the value of USDJPY. Inflation in Japan was 0.5% in July. This is the lowest level in three months. Low inflation expectations may force the Central Bank of Japan to increase the stimulation of the economy. Investors are expecting economy growth to sputter this year unless global demand rebounds quickly enough to offset an expected dip in consumption after a sales tax increase in October. We are expecting the bullish trend to continue in this currency pair.

Trading recommendation: Buy 106.50 and take profit 106.98.

David Johnson
Analyst of «FreshForex» company
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